FNM Also Suspends Foreclosures Thru January
::
FRE Suspends All Foreclosures, Evictions of Occupied Homes Thru January 9, 2009
::
S&P/TSX Down 765 Points, a 9% Decline to 7724 at Close
::
10yr Yield Drops to 3.05% (Lowest Ever)
::
Dell Beats in Q3 - 37 Cents/Share vs. 31 Estimated
::
BoNY Cutting 4% (1,800 Jobs)
::
Citi: Strong Capital Position, Liquidity --CNBC
::
TSY - no other funds in TSY's temporary money mkt guarantee program rec'd a similar liquidation notice from the SEC
::
TSY's Exchange Stabilization Fund will buy any remaining securities in The Reserve Fund at amortized cost
::
TSY is helping The Reserve Fund to ensure "order and timely" liquidation
::
Office of Thrift Supervision says 225 banks seeking funds are pending Agency Review
::
OTS says 1/3 of Thrift Banks have sought bailout funds
::
TSY - The Reserve Fund's securities are s/t Gov't paper and FNM, FRE securities
::
TSY will serve as 'buyer of last resort' for The Reserve Fund's securities
::
30yr Yield Drops to 3.61% (Lowest Ever) on Biggest Day Drop Since Sep-01
::
TSY had taken The Reserve Fund into the Temporary Guarantee for Money Market Funds program
::
TSY says they agree to help liquidate fund due to "extraordinary and unique" circumstances
::
TSY agrees to help liquidate The Reserve Fund's U.S. Gov't Fund
::
Long Bond Up 5 Handles in Panic-Buying
::
S&P Down 5.1% to 765, Lowest Since Apr-97
::

Username: Password: Forgotten your Password? Create an Account

Having revolutionised the equity markets, algorithmic trading is already reshaping the derivatives sector. Neal Brady, Director of Products and Services Technology, CME, looks at the technology and infrastructure changes that are fast attracting algorithmic traders to the futures and options markets.

Algorithmic Traders & Their Impact on the Derivatives World

Neal Brady

In one respect, today’s financial markets are a quiet place. That’s because an increasing number of today’s global traders never pick up a phone to call in an order, shout out a bid or even click on a mouse to send a buy or sell order to the market. Today’s trading is increasingly conducted between computers executing algorithmic trading strategies and driven by complex arrays of ‘what-if ’ scenarios.

These algorithmic - or algo - traders are helping to drive change and innovation across the spectrum of the financial markets. To understand just how great an impact these firms are having on the derivatives sector in particular, it’s helpful to look at recent developments in our financial markets and see how exchanges and algorithmic traders are working in tandem.

Simply put, the biggest reason algorithmic trading has blossomed is the continued advance of trading technology. In just the past several years, the ability of hedge funds and proprietary trading firms to trade the markets has improved exponentially. The power of today’s technology has made it possible for hedge funds and proprietary trading groups to seize opportunities across a multitude of markets and asset classes in less than a blink of an eye. Armed with astrophysics and computer engineering graduates, firms have been able to convert the knowledge and strategies of traditional traders into cutting-edge trading programmes that buy and sell with mindboggling speed, complexity and precision. ...

Limited Access

This article is for registered viewers and paid subscribers only, please either log into your account above or click here to register an account now with Automated Trader Magazine.

click here to return to the top of the page